Kia 2001 Annual Report Download - page 18
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Please find page 18 of the 2001 Kia annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.Operational Report
Auditor's Report
32 33
No key issues to report.
January 1, 2001 ~ December 31, 2001
Name of Company Invested Company No. of Shares owned Equity Share(%)
Kia Motors America, Inc.
Kia Japan Co., Ltd.
Yanji Kia Motors Maintenance & Repair Ltd.
Kia Motors Deutschland GmbH
Kia Canada, Inc.
Asia Motors Do Brazil
PT. Kia Timor Motors
Yancheng Yueda-Kia Moters
Kia Service Philippines
Kia-Ihlas Motor A.S.
Kia Tigers
Hyundai Powertek
WIA
Cheju Dynasty
Bontek
Korea DTS
TRW Steering
e-HD.com
NGVTEK.com
Hyundai Hysco
Autoever
Dongyoung Industries
Dong-hee Auto
Hyundai Mobis
INI Steel
9. Investment by Kia Motors in Other Companies
Investment by Kia Motors in Other Companies
10. Key Issues after Fiscal Year Closure
Key Issues after Fiscal Year Closure
No key issues to report.
11. Important Points Related to Other Business
Important Points Related to Other Business
Kia Motors 1,000,000 100.0
〃85,800 100.0
〃100.0
〃100.0
〃5,198 82.5
〃87,206,990 43.0
〃30,000 30.0
〃30.0
〃60,000 20.0
〃5.0
〃400,000 100.0
〃8,000,000 50.0
〃3,474,738 45.3
〃1,240,000 40.0
〃390,000 39.0
〃6,024,286 30.1
〃357,242 29.0
〃540,000 27.0
〃50,000 24.4
〃19,294,680 21.6
〃200,000 20.0
〃115,382 19.2
〃100,000 19.2
〃13,858,120 17.6
〃14,009,517 11.5
We, members of the Kia Motors Auditing Committee, hereby submit the results of our audit of
the Company's accounting and business operations for the 58th Fiscal Year, starting on January
1, 2001 and ending on December 31, 2001.
1. Auditing Approach
The accounting audit was conducted by reading the account books and related
documents and carefully examining the financial reports and their attached statements.
Contrastive, documentary, admissive, referential and other appropriate auditing procedures
were applied whenever deemed necessary in the conduct this audit.
We attended the Board of Directors' meetings and other important meetings to in the
performance of our operational audit, and we received reports from the directors when
deemed necessary. We also carefully examined documents related to all major
operational activities.
2. Notes on the Balance Sheet & Income Statement
The Balance Sheet and Income Statement accurately present the Company's assets and
profitability in accordance with the Articles of Incorporation and Korean Law.
3. Notes on the Report on Loan Loss Provisions
The Report on Loan Loss Provisions has been prepared in accordance with the Articles of
Incorporation and Korean Law to fairly reflect the Company's financial status.
4. Notes on the Annual Report
The Annual Report accurately presents the Company's operational status in accordance
with the Articles of Incorporation and Korean Law.
February 20, 2002
Kia Motors Coporation
Audit Committee
Chairman of Audit Committee Kim, Jong-chang
Member of Audit Committee Chung, Jong-am
Member of Audit Committee Choi, Yul